E Fund Management Co. Ltd. Grows Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

E Fund Management Co. Ltd. raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,598 shares of the company’s stock after buying an additional 2,126 shares during the period. E Fund Management Co. Ltd.’s holdings in CrowdStrike were worth $2,600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $27,000. Fortitude Family Office LLC increased its stake in shares of CrowdStrike by 112.8% in the 4th quarter. Fortitude Family Office LLC now owns 83 shares of the company’s stock valued at $28,000 after purchasing an additional 44 shares in the last quarter. FPC Investment Advisory Inc. increased its stake in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Luken Investment Analytics LLC purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of CrowdStrike in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $368.14, for a total value of $1,656,630.00. Following the sale, the insider now owns 115,798 shares of the company’s stock, valued at $42,629,875.72. The trade was a 3.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 17,120 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $428.13, for a total value of $7,329,585.60. Following the completion of the sale, the director now directly owns 780,592 shares in the company, valued at approximately $334,194,852.96. The trade was a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 100,315 shares of company stock valued at $38,387,254 over the last quarter. 4.34% of the stock is owned by company insiders.

CrowdStrike Stock Down 4.8 %

Shares of NASDAQ CRWD opened at $347.73 on Friday. The firm has a market cap of $85.65 billion, a price-to-earnings ratio of 681.84, a PEG ratio of 17.86 and a beta of 1.19. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $455.59. The business’s 50 day moving average is $387.50 and its two-hundred day moving average is $338.08.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CRWD shares. Truist Financial lifted their price target on CrowdStrike from $385.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Wedbush lifted their price target on CrowdStrike from $390.00 to $395.00 and gave the company an “outperform” rating in a research note on Wednesday. Hsbc Global Res cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 27th. BMO Capital Markets lifted their price objective on CrowdStrike from $380.00 to $405.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, HSBC cut CrowdStrike from a “buy” rating to a “hold” rating and set a $347.00 price objective on the stock. in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $400.10.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.